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consider gop cuts to entitlement programs like medicare and medicaid until republicans agree to raise income taxes on people making $250,000 or more a year. one thing both sides agree on, there's a long way to go for a deal can be reached. >> there were some offers exchanged yesterday. and the president and i have pretty frank conversations about how far apart we are. >> there is no indication the republican leadership is willing to acknowledge the basic fact that rates need to rise on the top 2%. >> lawmakers in washington have less than three weeks to reach a budget deal on the so-called fiscal cliff. if they don't, there are fears automatic tax increases and spending cuts could push the economy back into a recession. >>> bonds will continue to be purchased at a cost of $85 billion a month from the federal reserve. it's a move to keep interests low and unemployment rates even lower until the outlook at the labor market improves sub staeshl -- substantially. >>> john mcafee in florida this evening. he arrived at miami international just before 5:00 pm. he is in florida after being ki
consider gop cuts to entitlement programs like medicare and medicaid until republicans agree to raise income taxes on people making $250,000 or more a year. one thing both sides agree on, there's a long way to go for a deal can be reached. >> there were some offers exchanged yesterday. and the president and i have pretty frank conversations about how far apart we are. >> there is no indication the republican leadership is willing to acknowledge the basic fact that rates need to rise...
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Dec 9, 2012
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republicans in pennsylvania and three other states obama won, they're trying to eliminate the winner take all system of awarding electoral votes. why not? that way republicans can win electoral votes in states they lose. a good deal. >>> new jersey governor chris christie finally meets his idol that he's seen in concert more than 100 times. the governor and "the boss" bruce springsteen. this is "hardball," the place for politics. and may have surface pores where bacteria can grow and multiply. polident is specifically designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. is efficiently absorbed in small continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. hel
republicans in pennsylvania and three other states obama won, they're trying to eliminate the winner take all system of awarding electoral votes. why not? that way republicans can win electoral votes in states they lose. a good deal. >>> new jersey governor chris christie finally meets his idol that he's seen in concert more than 100 times. the governor and "the boss" bruce springsteen. this is "hardball," the place for politics. and may have surface pores where...
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Dec 5, 2012
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president obama trying to argue the republican plan wouldn't work suggested that the g.o.p. would eliminate charitable deductions altogether. >> if you eliminate charitable deductions, ever hospital and university and non-for profit agency, across the country would find themselves on the verge of collapse. >> destroying every charity in the country as a powerful political argument no republican plan to eliminate the charitable deductions. oddly enough the president himself long favored capping deductions at 28%. also in his current budget. >> a different way to do that, that would raise $600 billion over ten years. >> analysts say that 50 $50,000 cap the g.o.p. suggested would raise more than that. some $750 billion. the arguement that limiting deductions would hurt charities was dismissed by mr. obama himself back in 2009. >> i think this was a good idea. a realistic way for to us raise revenue from people who benefited enormously in the last several years. >> making the wealthy pay is not the focus of the charitable community. it fear money charity would have received in d
president obama trying to argue the republican plan wouldn't work suggested that the g.o.p. would eliminate charitable deductions altogether. >> if you eliminate charitable deductions, ever hospital and university and non-for profit agency, across the country would find themselves on the verge of collapse. >> destroying every charity in the country as a powerful political argument no republican plan to eliminate the charitable deductions. oddly enough the president himself long...
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Dec 7, 2012
12/12
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some of them are proposing to republicans in pennsylvania and three other states obama won. they're trying to eliminate the winner take all system of awarding electoral votes. that way republicans could win electoral votes in states they lose. >>> new jersey governor chris christie finally meets his idol. the man he's seen in concert more than 100 times. the governor and the boss, bruce springsteen. they're friends now. this is "hardball," the place for politics. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> in the costliest presidential election in u.s. history, the 2012 race saw not one but $2 billion spent. president obama and mitt romney each raised over
some of them are proposing to republicans in pennsylvania and three other states obama won. they're trying to eliminate the winner take all system of awarding electoral votes. that way republicans could win electoral votes in states they lose. >>> new jersey governor chris christie finally meets his idol. the man he's seen in concert more than 100 times. the governor and the boss, bruce springsteen. they're friends now. this is "hardball," the place for politics. two years...
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Dec 8, 2012
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some of them are proposing to republicans in pennsylvania and three other states obama won, they're trying to eliminate the winner-take-all system of awarding electoral votes. that way republicans could win electoral votes in states they lose. >>> new jersey governor chris christie finally meets his idol. the man he's seen in concert more than 100 times. the governor and the boss, bruce springsteen. they're friends now. this is "hardball," the place for politics. from our 4,000 television commercials. yep, there i am with flo. hoo-hoo! watch it! [chuckles] anyhoo, 3 million people switched to me last year, saving an average of $475. yeah, i'm kind of a big deal. [sigh] it feels good to help people save... with great discounts like safe driver, multicar, and multipolicy. 731, 732... you want my number, don't you? call 1-800-progressive right now. or visit progressive.com for an extra $50 online savings. thirsty? 'cause i got a six-pack right here. oh, yeah... [voice shaking] you don't even have to wait for your policy to expire to switch. oh, svetlana, that's so good! and, with every policy
some of them are proposing to republicans in pennsylvania and three other states obama won, they're trying to eliminate the winner-take-all system of awarding electoral votes. that way republicans could win electoral votes in states they lose. >>> new jersey governor chris christie finally meets his idol. the man he's seen in concert more than 100 times. the governor and the boss, bruce springsteen. they're friends now. this is "hardball," the place for politics. from our...
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Dec 8, 2012
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some of them are proposing to republicans in pennsylvania and three other states obama won, they're trying to eliminate the winner-take-all system of awarding electoral votes. why not? that way republicans could win electoral votes in states they lose. that's a good deal. >>> new jersey governor chris christie finally meets his idol. new jersey's most famous resident, the man he has seen in concert more than 100 times. the governor and the boss, bruce springsteen. they're friends now. this is "hardball," the place for politics. [ male announcer ] take dayquil... [ ding! ] ...and spend time on the slopes. take alka-seltzer plus cold & cough... [ buzz! ] ...and spend time on the chair. for non-drowsy 6-symptom cold & flu relief. take dayquil. use nyquil d... [ ding! ] ...and get longer nighttime cough relief. use alka-seltzer plus night cold & flu... [ coughs ] [ buzz! ] [ screams ] ...and you could find yourself... honey? ...on the couch. nyquil d. 50% longer cough and stuffy nose relief. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few
some of them are proposing to republicans in pennsylvania and three other states obama won, they're trying to eliminate the winner-take-all system of awarding electoral votes. why not? that way republicans could win electoral votes in states they lose. that's a good deal. >>> new jersey governor chris christie finally meets his idol. new jersey's most famous resident, the man he has seen in concert more than 100 times. the governor and the boss, bruce springsteen. they're friends now....
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Dec 13, 2012
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of the house and president obama seem no closer to a budget deal. as you know, if they don't come up with a spending compromise, most americans will see a hefty tax increase automatically on january 1. major garrett is covering for us at the white house tonight. major? h reporter: scott, two senior white house officials tell us the next 48 hours are crucial. until republicans relent on raising income tax rates for households earning more than $250,000, the democrats will not discuss g.o.p. demand for cuts medicaitlement programs like te house and medicaid. this white house photo of president obama talking yesterday to house speaker john boehner does not convey the 2%se and difficult reality. the g.o.p. leader told mr. obama he wanted to permanently extend all current tax rates, including reose for the two 2% of earners. > there were some offers that conversahanged back and forth yesterday, and the president and r:had a pretty frank conversation about just how far apart we are. >> reporter: we asked white hinge spokesman jay carney today uhere things
of the house and president obama seem no closer to a budget deal. as you know, if they don't come up with a spending compromise, most americans will see a hefty tax increase automatically on january 1. major garrett is covering for us at the white house tonight. major? h reporter: scott, two senior white house officials tell us the next 48 hours are crucial. until republicans relent on raising income tax rates for households earning more than $250,000, the democrats will not discuss g.o.p....
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a republican source says president obama and house speaker john boehner spoke by phone. >> we need a response from the white house. we can't negotiate with ourselves. >> the hold upright now is that speaker boehner took a position, i think the day after the campaign that said we're willing to bring in revenue, but not willing to increase rates. >> reporter: gridlock, 26 days and counting. no word on what the president and speaker boehner discussed. given the fact there's not a lot of progress, just the fact they were on the phone represents a small development. tracie potts, nbc news, washington. >>> new information into vincent gray's campaign. sources tell "the washington post" some of his campaign staff hid donations. it cites people familiar with the probe. city employees and contractors were promised their contributions would not be reported. it goes against finance laws. the donations are different from an illegal shadow campaign that raised more than $600,000 for mayor vincent gray. >>> new this morning, d.c. firefighters are trying to figure out what sparked flames in this ap
a republican source says president obama and house speaker john boehner spoke by phone. >> we need a response from the white house. we can't negotiate with ourselves. >> the hold upright now is that speaker boehner took a position, i think the day after the campaign that said we're willing to bring in revenue, but not willing to increase rates. >> reporter: gridlock, 26 days and counting. no word on what the president and speaker boehner discussed. given the fact there's not a...
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Dec 5, 2012
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people are saying obama is reasonable boehner and the republicans unreasonable. easy got to make a deal in that sense, too. they're going to do the grand bargain. both sides are really, really motivated. both sides are super motivated. now really good piece of news about elizabeth warren. >> she was named to the bank committee. two senators retiring in january announced they're retirements. they were on the bank committee. the bank spent a lot of money to see her not get elected spent a lot of lobbying power to see her not named the the committee. remember, $3 million were given to scott brown by bankers in that campaign, $245,000 only to warren. >> they knocked her out of the consumer protection bureau, which was her idea. she just wants safe banking. she doesn't want banking she wants safer banking so your money is safe and they don't gamble with it. that's why the banks hate it. >> it's why smaller banks are not opposed to warren. >> that's a great point. i love that they put mention in there, hey banks we have to put elizabeth warren, but don't worry, we're g
people are saying obama is reasonable boehner and the republicans unreasonable. easy got to make a deal in that sense, too. they're going to do the grand bargain. both sides are really, really motivated. both sides are super motivated. now really good piece of news about elizabeth warren. >> she was named to the bank committee. two senators retiring in january announced they're retirements. they were on the bank committee. the bank spent a lot of money to see her not get elected spent a...
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Dec 6, 2012
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the obama administration is fully prepared to go off that fiscal cliff if republicans don't agree to tax hikes on the wealthiest americans. let's bring in congressional correspondent kate bolduan. the white house won't budge on taxes. the republican led house takes a break. can you make sense of this for us? >> i think that's a little above any of our pay grade trying to make sense of it all other than it seems that it's one more fight that we've seen over and over again and we are seeing once again it play out almost as it appears slow motion, carol. you mention the call between speaker boehner and president obama. they may have talked. no read out of the call per se. we are still a long way away from a deal that is for sure. why? because at its most basic neither side is giving on their primary position. president obama continues to insist over and over again any deal must include a tax rate increase on the top 2% of wage earners which republicans just as firmly insist is a nonstarter. today the president is going to continue his public pressure campaign according to the white hous
the obama administration is fully prepared to go off that fiscal cliff if republicans don't agree to tax hikes on the wealthiest americans. let's bring in congressional correspondent kate bolduan. the white house won't budge on taxes. the republican led house takes a break. can you make sense of this for us? >> i think that's a little above any of our pay grade trying to make sense of it all other than it seems that it's one more fight that we've seen over and over again and we are seeing...
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obama would love to take it off the table now. there's no way republicans are going to give that up. it's a crucial piece of leverage than the tax rates. as we saw a year and a half ago, that is really sort of putting the basic fiscal health of the country at risk. a lot of republicans are looking at that saying this is a much better chance to get the big changes on entitlements we would like to find. >> andy, i ask this to both of you, eleanor, too. i'll start with eleanor. what are the chances that game is not going to get tied into this? the president was very specific when he gave the speech to the business round table this week talking about the fact this is not a game he's looking to play once again. what are the odds that will not be involved? >> the odds are it will not be involved. the president has important allies this time, that's the business community. the republican party has been the party of business, you know, big business, small business. the business community does not want to go through all that wrangling over
obama would love to take it off the table now. there's no way republicans are going to give that up. it's a crucial piece of leverage than the tax rates. as we saw a year and a half ago, that is really sort of putting the basic fiscal health of the country at risk. a lot of republicans are looking at that saying this is a much better chance to get the big changes on entitlements we would like to find. >> andy, i ask this to both of you, eleanor, too. i'll start with eleanor. what are the...
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>> first of all, we don't have an actual proposal from the obama administration. again, i think this is just a little distraction, a bobble that they're dangling in front of the republicans. but if we got the rate down to 28%, it depends on how they're, quote, paying for it, unquote. and if they make our world wide tax system worse, if they force companies to declare investment expenses as taxable income, that's going to bias the system against new call tapital. there's all sorts of bad ways to finance it. on the other hand, if they're getting rid of the ethanol loophole and all that, it's good news. i don't trust the white house because their track record is so far to the left. >> you're not trusting them, i get that. what about this sort of conundrum. supposed they did drop the corporate tax rate from 35 to 28 and pay for it with loophole closures and put that aside. if you're a small business, you might still be sitting with higher tax rate because the upper end tax rates are going up. a small business subchapter s may be at 40% or 44% with obama care, while th
>> first of all, we don't have an actual proposal from the obama administration. again, i think this is just a little distraction, a bobble that they're dangling in front of the republicans. but if we got the rate down to 28%, it depends on how they're, quote, paying for it, unquote. and if they make our world wide tax system worse, if they force companies to declare investment expenses as taxable income, that's going to bias the system against new call tapital. there's all sorts of bad...
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Dec 5, 2012
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and if you talk to republicans, one thing that blew up those negotiations obama said he needed more revenue, needed $1.2 trillion and that fell apart. but the other thing that's changeds is simply that the american people have weighed in an election and re-elected the president and tilts the see-saw in what democrats would like in a larger revenue. >> the economy is in a different position, the president actually did sign into law a series of cuts, he's proposed a lot in his 2013 budget. it's not like he's been stagnant. we've been having this argument throughout the presidential campaign and guess what? as we keep saying, americans said we're not buying it. the conditions have changed, the economy has changed, i think the outlook in the picture has changed. that's part of the reason the president is so firm about not going back to the debt ceiling conversation again and creating that level of instability and not bending on this issue of raisings the rates on the top 2%. >> yeah. i think -- >> go ahead. >> it's an important point. i think the american people are seeing that the pres
and if you talk to republicans, one thing that blew up those negotiations obama said he needed more revenue, needed $1.2 trillion and that fell apart. but the other thing that's changeds is simply that the american people have weighed in an election and re-elected the president and tilts the see-saw in what democrats would like in a larger revenue. >> the economy is in a different position, the president actually did sign into law a series of cuts, he's proposed a lot in his 2013 budget....
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Dec 6, 2012
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president obama spent his day with the santana family of falls church and he says they're members of the middle class and they'll be hit hard if congress fails to extend their tax cuts. meantime virginia could be hit hard if those spending cuts end up taking place especially in places like fairfax county where federal contracting is king. >> if you go make the kind of cuts that some are suggesting happen, then you're really hurting a lot of the small buss
president obama spent his day with the santana family of falls church and he says they're members of the middle class and they'll be hit hard if congress fails to extend their tax cuts. meantime virginia could be hit hard if those spending cuts end up taking place especially in places like fairfax county where federal contracting is king. >> if you go make the kind of cuts that some are suggesting happen, then you're really hurting a lot of the small buss
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right now, there's still no agreement with republican lawmakers. nbc's danielle lee is on capitol hill with more on the president's house call today and with the latest on what both sides are prescribing. danielle? >> reporter: pat, president obama said he's trying to highlight the impact of those tax hikes on the middle class. on capitol hill, there's growing pressure to stop the campaigning and sit down face-to-face. avoiding the bickering on capitol hill today, president obama headed to northern virginia. he sat down with tiffany santana and her family to put a face on the fiscal cliff. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: tiffany had used twitter to tell the president her family can't afford a tax increase. and the white house released this video. >> $2,000 for me would be paying a month's rent. >> reporter: back in washington, more gridlock. >> it's up to the republicans to decide how
right now, there's still no agreement with republican lawmakers. nbc's danielle lee is on capitol hill with more on the president's house call today and with the latest on what both sides are prescribing. danielle? >> reporter: pat, president obama said he's trying to highlight the impact of those tax hikes on the middle class. on capitol hill, there's growing pressure to stop the campaigning and sit down face-to-face. avoiding the bickering on capitol hill today, president obama headed...
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Dec 13, 2012
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should embrace it, they can turn around and put pressure on obama. but you and i and smerconish don't really know what the conservative base in john boehner's district and other districts around the country, house districts around the country are going to do when boehner and other house members say that they embrace that tax hike. they are going to go ballistic and look for somebody to run against them and make their life very, very difficult and that's big part of the problem here. >> michael thomas ski, thank you. >>> one u.s. soldier killed and three wounded after a suicide attack on a nato base in afghanistan moments after a visit is by secretary of defense leon panetta. panetta met with commanders and spoke to u.s. troops at the base before returning to kabul to meet with afghan president, hamid karzai. during a joint news conference, panetta invited karzai to washington to meet with president obama at the white house. we are joined live from kabul. do we know president karzai's response to that invitt nation it comes at an interesting time he g
should embrace it, they can turn around and put pressure on obama. but you and i and smerconish don't really know what the conservative base in john boehner's district and other districts around the country, house districts around the country are going to do when boehner and other house members say that they embrace that tax hike. they are going to go ballistic and look for somebody to run against them and make their life very, very difficult and that's big part of the problem here. >>...
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obama set this up. kind of like a dog and pony show to where it's almost like this is just aimed at the republican party. >> judge jeanine: doug, is this just about spending? is it about the taxes? is it about the debt ceiling? make no mistake. do we all agree that, you know, the elimination of congressional approval and the elimination of the debt ceiling, i mean, that would be pretty much fiscal death for all of us. >> i think it would be a mistake. i think it's about something larger which is leadership, a vision of who we are as a people. and can we have the kind of bipartisan cooperation we used to get, judge, that now is absent? it's not politics. it's recklessness as you suggest with some of the things that are requesting -- going on. ultimately i believe they could get a deal and lead us forward and both sides for their own reasons aren't. >> that would require the president who wants to humiliate and smash the republicans. >> judge jeanine: he already did. he won. >> precisely correct. >> no, n
obama set this up. kind of like a dog and pony show to where it's almost like this is just aimed at the republican party. >> judge jeanine: doug, is this just about spending? is it about the taxes? is it about the debt ceiling? make no mistake. do we all agree that, you know, the elimination of congressional approval and the elimination of the debt ceiling, i mean, that would be pretty much fiscal death for all of us. >> i think it would be a mistake. i think it's about something...
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we heard from president obama also. we now have a republican from utah joining the discussion. i want to ask you here, and the time we have, what is going on inside of your party. speaker boehner is giving away too much, the tax hikes, 800 billion, only half of what president obama has on the table. still, too much for republicans to be in favor of. >> we want to solve the problem. i am proud of what speaker boehner is doing. there are 535 members in the house and the senate. we have to solve this problem. what i like about what speaker boehner is doing, he is at the table trying to get this done. connell: you are behind your speaker is basically what i am hearing. >> absolutely. he does not want to raise rates. we have to get serious. what i have not heard from the president any details on how he would actually cut spending. connell: say if the president were to come up and say i am going to cut into medicare, you know, i don't know if they double it, but they come up with a lot more in the medicare cuts, are you prepared to vote for tax increases, first of all, are you prepar
we heard from president obama also. we now have a republican from utah joining the discussion. i want to ask you here, and the time we have, what is going on inside of your party. speaker boehner is giving away too much, the tax hikes, 800 billion, only half of what president obama has on the table. still, too much for republicans to be in favor of. >> we want to solve the problem. i am proud of what speaker boehner is doing. there are 535 members in the house and the senate. we have to...
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there are republican and conservative analysts and thought leaders like bill kristol who have said that. why the republicans in the house who really are still very entrenched with their tea party mentality have not yet understood that, and are still dug in, is really frustrating. >> the president has just said and i'm getting this reiterated to me from people who can actually hear what he's saying but saying to the leaders he's not opposed to tax reform. >> right. >> for you and the constituents that you represent, what is it for concession you're willing to bring to the table. what are you willing to give republicans the wiggle room that they need to provide something to their base to say okay we did not totally lose out on this deal? >> i'll give you an example of what we've already embraced, more than $1 trillion in spending cuts in the debt ceiling deal from last summer, almost $1.5 trillion in spending cuts only with no revenue at all, even though democrats really felt strongly then that we needed a balanced approach in cuts. we have embraced that. we've come to the table with a pa
there are republican and conservative analysts and thought leaders like bill kristol who have said that. why the republicans in the house who really are still very entrenched with their tea party mentality have not yet understood that, and are still dug in, is really frustrating. >> the president has just said and i'm getting this reiterated to me from people who can actually hear what he's saying but saying to the leaders he's not opposed to tax reform. >> right. >> for you...
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. >> you know what makes republicans more angry than democrats coming to get the guns? >> what? >> them not caring. most don'ts. obama is not coming for your gun. >> bob is not an elected official. >> yes he is. >> by the half hour point hoe -- he is not even awake. he gets his sugar high and he is done by the half hour. >> that's the most appalling thing i have heard. you watch that show? >> i am told it. >> here is my stat. out of the 1.36 million permits in florida only 165 have been revoked. that's almost everybody that owns a gun is a law abiding citizen and they do the right thing. people should be scared. criminals should be scared when they enter a home and that is a statistic that should help everybody. justin bieber is dead. yes, set against attending the grammies. can't say i blame him. first, does having kids help you livelonger? a story so important we didn't get to it last night. >>> american classics will reportedly be dropped from school curriculum and more informational tech. in an effort to better prepare minds almost every state in the country will require tha
. >> you know what makes republicans more angry than democrats coming to get the guns? >> what? >> them not caring. most don'ts. obama is not coming for your gun. >> bob is not an elected official. >> yes he is. >> by the half hour point hoe -- he is not even awake. he gets his sugar high and he is done by the half hour. >> that's the most appalling thing i have heard. you watch that show? >> i am told it. >> here is my stat. out of the 1.36...
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republicans say that's not good enough. they are holding out for cuts to programs like social security. >> we'll stay here right through the new year and make sure we resolve this in an acceptable way for the american people. >> the fed chair ben bernanke says just the threat of a "fiscal cliff" is already creating uncertainty in the economy. and that is not good for the stock market. >>> "fiscal cliff" negotiations though are throwing a wrench into year end tax planning, as well. >> but there are plenty of actions to take starting with changes of tax laws that expire at the and of the year. jill schlesinger, editor at large for cbsmoneywatch.com joins us now with information on tax laws that expire at the end of the year. >> good morning. >> first start with people trying to reduce their mortgage debt. >> reporter: this is really interesting because homeowners who have restructured their mortgage debt since the housing crash have enjoyed a big benefit. no tax on the amount of debt that was reduced or forgiven. if we go bac
republicans say that's not good enough. they are holding out for cuts to programs like social security. >> we'll stay here right through the new year and make sure we resolve this in an acceptable way for the american people. >> the fed chair ben bernanke says just the threat of a "fiscal cliff" is already creating uncertainty in the economy. and that is not good for the stock market. >>> "fiscal cliff" negotiations though are throwing a wrench into year...
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avoiding the bickering on capitol hill today, president obama headed to northern virginia. he sat down with tiffany santana and her family to put a face on the fiscal cliff. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: tef any had used twitter to tell the president her family can't afford a tax increase. and the white house released this video. >> $2,000 for me would be paying a month's rent. >> reporter: back in washington, more gridlock. >> it's up to the republicans to decide how long it's going to take. >> the president actually isn't interested in a balanced agreement. >> reporter: with both sides stuck on tax hikes for the top 2%, economists wonder if lawmakers will reach a deal this year. >> i'm skeptical, but i do think it can be done next year. >> reporter: warning a congressional committee they would just have a month to negotiate in 2013 before the economy falls apart. >> by mid-february it will be doing a lot of
avoiding the bickering on capitol hill today, president obama headed to northern virginia. he sat down with tiffany santana and her family to put a face on the fiscal cliff. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: tef any had used twitter to tell the president her family can't afford a tax increase. and the white house released...
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president obama says republicans, they're the ones that need to take the next step here. republicans say no way, ball's in your court, mr. president. >> we can probably solve this in about a week. it is not that tough. >> now we need a response from the white house. we can't sit here and negotiate with ourselves. now, the revenues we're put on the table are going to come from, guess who, the rich. >> if we can get the leadership on the republican side to take that framework, take knowledge of that reality, then the numbers actually aren't that far apart. >> where are the specifics, where are the discussions? nothing is going on. >> passing middle income tax cut means the end of holding them hostage from tax cuts for the middle -- for the rich. >> i think the next 72 hours are critical. if he sits back and continues to play politics, that will give your answer of where we're going. this is an opportunity for this country to lead. this s this is an opportunity for the president to lead. >> debt ceiling, let's go to the white house, to our chief white house correspondent jes
president obama says republicans, they're the ones that need to take the next step here. republicans say no way, ball's in your court, mr. president. >> we can probably solve this in about a week. it is not that tough. >> now we need a response from the white house. we can't sit here and negotiate with ourselves. now, the revenues we're put on the table are going to come from, guess who, the rich. >> if we can get the leadership on the republican side to take that framework,...
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in his weekly me the address, obama accuses house republicans of blocking a bill that would prevent a tax increase on the middle class. the democratic controlled senate has approved a plan. o obamas as a house bill lores rates for the wealthiest americans, instead of raising them as he has proposed. >> this is the only way to put our economy without asking more. this is the only plan that i am willing to sign. >> for the gop, florida senator marco rubio says tax increases will not solve the nation's 16 trillion dollar debt. he says the only way to do that is through economic growth and reform of entitlement programs. rubio says that limited government can help restore the middle class. >> be extra careful of side due to the fog. this is a view from our mt. tam and there is fog in the midst of clouds. it is partly cloudy. it is mostly sunny conditions for the afternoon. clear skies are expected for the afternoon. it take a look at the yellow on your spring this is where the dense fog advisory has been issued. this is set to expire about 11:00 a.m.. napa as well as fairfield are affecte
in his weekly me the address, obama accuses house republicans of blocking a bill that would prevent a tax increase on the middle class. the democratic controlled senate has approved a plan. o obamas as a house bill lores rates for the wealthiest americans, instead of raising them as he has proposed. >> this is the only way to put our economy without asking more. this is the only plan that i am willing to sign. >> for the gop, florida senator marco rubio says tax increases will not...
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mister obama held back from directly criticizing republicans for opposing his tax plans.perhaps showing that fiscal cliff negotiations are showing progress. he says he will *not back down on his stance that the wealthiest americans should pay more in taxes. >> i'm not going to have a situation where the wealthiest among us including folks like me get to keep all our tax breaks and then we're asking students to pay higher >>pam: meanwhile, republicans are standing by a proposal that doesn't include an increase if no deal is reached, we could see a major increase in taxes, and severe spending cuts. >> living in the u.s. month. software company founder john mcafee said sunday that he wants to return to the united states in order to settle down and lead a normal life. the former software designer is currently in guatemala requesting political asylum. >> let me be clear, that i had absolutely nothing to do with the murder of my neighbor. our intent is to return to the u.s. and try to salvage a normal life under the circumstances. >>pam: he is being held in a detention center while he fights
mister obama held back from directly criticizing republicans for opposing his tax plans.perhaps showing that fiscal cliff negotiations are showing progress. he says he will *not back down on his stance that the wealthiest americans should pay more in taxes. >> i'm not going to have a situation where the wealthiest among us including folks like me get to keep all our tax breaks and then we're asking students to pay higher >>pam: meanwhile, republicans are standing by a proposal that...
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president obama lowered the amount from 1.6 to $1.4 trillion. that's not good enough for the republicans holding out for cuts to programs like social security. congressional leaders warn lawmakers not to make holiday travel plans. they will work to the last minute. >>> it's been a busy morning for all things business. >> certainly. he has plenty of new numbers from washington and some new maps from apple and this would be jason brooks with kcbs and cbsmoneywatch.com. good morning. >> good morning. >> reporter: and we have some decent news on the economy but that's largely being overshadowed by the "fiscal cliff" talks. a lot of worries on wall street if an agreement can't be reached by the end of the year. but as far as of the economy goes, decent news especially on the job market. the labor department reporting that first time unemployment claims fell by 29,000 to 343,000 the lowest level in two months and the second lowest level of the year. it suggests hiring is outpacing firing. the four-week average down to 381,000, still an effect from san
president obama lowered the amount from 1.6 to $1.4 trillion. that's not good enough for the republicans holding out for cuts to programs like social security. congressional leaders warn lawmakers not to make holiday travel plans. they will work to the last minute. >>> it's been a busy morning for all things business. >> certainly. he has plenty of new numbers from washington and some new maps from apple and this would be jason brooks with kcbs and cbsmoneywatch.com. good...
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republicans see the writing on the wall. about tax increases. so they want to make sure they get spending cuts to go with it. president obama said 1.6 in tax increases and spending cuts won't take place until next year. by considering that obama has been open to spending cuts in previous negotiations, and says he's open to it now. and republicans have changed from where they were a year ago when it comes to tax increases, i think it won't take too much to get there, although -- >> that segment and more at our special webpage c-span.org/fiscal cliff. now to the senate side of capitol hill for gos on the pending tax hikes and budget cuts. >> there's enough writing on the walls to fill quite a few pages about republicans deciding the right thing to do is protect the middle class. and we need to do it now. it's really important that this holiday season that the middle class is not going to be burdened with the thought that they may hit a $2,200 a year tax increase. there have been positive developments this week. we've had a list of republicans that
republicans see the writing on the wall. about tax increases. so they want to make sure they get spending cuts to go with it. president obama said 1.6 in tax increases and spending cuts won't take place until next year. by considering that obama has been open to spending cuts in previous negotiations, and says he's open to it now. and republicans have changed from where they were a year ago when it comes to tax increases, i think it won't take too much to get there, although -- >> that...
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. >> president obama draws a hard line on taxes. >> republican and the white house both have offers on the table on how to resolve the nation's fiscal cliff crisis. >> we wasted an enormous amount of time here, sparring back and forth in public. it's a good time to get serious. >> let's just go over the [ bleep ] cliff. because you know why? at least for a few seconds, it will feel like we're flying. >>> this morning, police are questioning a man in that deadly subway push. they say he has implicated himself in the crime. >>> duchess of cambridge is continuing to feel better. >> australian radio station was able to pose as the queen, get information on the phone about kate's health. >> want to see how her -- >> she is sleeping at the moment and she has had an uneventful night. >> mohamed morsi under siege after 100,000 protests in the streets. >>> l.a.'s mayor has announced an end to an eight-day strike at the largest port complex. >>> best man's friend is learning a new trick. how to drive a car. get off the road. >> three, two, one. >> god bless us, every one. >>> nine weeks, officia
. >> president obama draws a hard line on taxes. >> republican and the white house both have offers on the table on how to resolve the nation's fiscal cliff crisis. >> we wasted an enormous amount of time here, sparring back and forth in public. it's a good time to get serious. >> let's just go over the [ bleep ] cliff. because you know why? at least for a few seconds, it will feel like we're flying. >>> this morning, police are questioning a man in that deadly...
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president obama and congressional republicans seem to be digging in on the issue of taxes right now. but a new "wall street journal"/nbc poll shows an overwhelming majority of americans are siding with the president. of the republicans polled, we're seeing a big shift a majority favoring compromise. white house correspondent brianna keilar is following this informatio negotiation, the ups and down. i'm not sure the polls matter as much as the members on both sides of the aisle. >> the good news is they are still talking, the white house and the speaker's office. president obama and the speaker have spoken. the staff is talking. when you listen to how they're characterizing conversations, it's not that great. from sunday's conversation that the speaker had with the president, he called that cordial. he just said that his conversation on tuesday night with the president was deliberate and frank. both the speaker and the white house have been asked about reports that actually that phone call was intense. that's something that jay carney did not dispute. >> simply say we confirm the call
president obama and congressional republicans seem to be digging in on the issue of taxes right now. but a new "wall street journal"/nbc poll shows an overwhelming majority of americans are siding with the president. of the republicans polled, we're seeing a big shift a majority favoring compromise. white house correspondent brianna keilar is following this informatio negotiation, the ups and down. i'm not sure the polls matter as much as the members on both sides of the aisle....
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. >> president obama said look, if republicans agree to my tax plan, we can get this deal done in a week.3 john boehner is waiting on the president, he says he's read hey to meet with the president at any time. we asked the president obama plan on calling the speaker or inviting the speaker to the white house and we haven't gotten a response. what is dumbing this all up is the tax rate increase. >> were not insisting on rates out of spite for any kind of partisan victory. but rather because we need to raise a certain amount of revenue. >> an obsession to raise taxes is not going to solve the problem. what will solve the problem is doing something about the entitlements, taking on wasteful spending in washington. speak up for the fiscal cliff is part of the half trillion dollars in cuts to the pentagon. the defense has been saying we will not plan for sequestration's because they don't want to be cautious because it is like a gun to the head. they're now looking into planning for this because we are getting pretty late, and that may become a reality. back to you. melissa: rich edson, than
. >> president obama said look, if republicans agree to my tax plan, we can get this deal done in a week.3 john boehner is waiting on the president, he says he's read hey to meet with the president at any time. we asked the president obama plan on calling the speaker or inviting the speaker to the white house and we haven't gotten a response. what is dumbing this all up is the tax rate increase. >> were not insisting on rates out of spite for any kind of partisan victory. but rather...
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any christmas plans. 75% of americans would accept raising taxes on the wealthy as president obama is demanding. if the u.s. does go over the fiscal cliff, more would blame republicans than the president, although 56% say they would equally apportion the blame. >>> let's take a quick look at what's on the agenda for the u.s. jobly claims are expected to show a small gain. retail sales and prices. the core scloeding autos slightly lower on the month. producer prices are seen falling .5%. for the core there, inching up when you exclude food and energy. at 10:00 a.m., we include business inventories. plenty to keep investors butsy today. and the results of italy's latest debt auction are due next. just how confident are investors? we'll find out when we come back. and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all sgreaat t. but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of deal. [ male announcer ] break from the holiday stress. on ground shipping at fedex office. >>> houston,
any christmas plans. 75% of americans would accept raising taxes on the wealthy as president obama is demanding. if the u.s. does go over the fiscal cliff, more would blame republicans than the president, although 56% say they would equally apportion the blame. >>> let's take a quick look at what's on the agenda for the u.s. jobly claims are expected to show a small gain. retail sales and prices. the core scloeding autos slightly lower on the month. producer prices are seen falling...
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the republicans? the biggest opportunity was when they were enacting the entitlement, affordable care act, obamacare, rolled back to the 1960s when lyndon johnson was enacting medicare and medicaid and he negotiated with republicans and he had republican support. barak obama got zero votes for obamacare and that's unprecedented. then you come to the summer of 2011, you had the big super committee over deficit reduction. basically trying to negotiate the same thing they are now and that collapsed. it seems to me that barak obama is someone a president, surprisingly enough, who just does not know how to negotiate a political deal with the other side. >> steve: you're absolutely right. he doesn't want to make a deal. he's less monty burns from the simpsons where he's trying to extract and exact political pain on the republicans. >> i think it's a combination of arrogance. he may be the most arrogant person who ever sat in the oval office. a combination of that and inexperience and if you put those two co
the republicans? the biggest opportunity was when they were enacting the entitlement, affordable care act, obamacare, rolled back to the 1960s when lyndon johnson was enacting medicare and medicaid and he negotiated with republicans and he had republican support. barak obama got zero votes for obamacare and that's unprecedented. then you come to the summer of 2011, you had the big super committee over deficit reduction. basically trying to negotiate the same thing they are now and that...
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president obama has rejected the latest republican offer. he's taking a very hard line in the talks. >>> there's growing outage here in new york city over a front-page photo from "the new york post" yesterday. this man has just fallen down on the tracks. is just seconds away from a subway train hitting and killing him. many people upset why the photographer was taking the picture and not helping the man. this morning, he's talking out, justifying why he took the photo. and why so many other folks were running away. there's nobody there trying to help him off the tracks. >> he says he was trying to help. we're going to get into that. >>> also, you guys over there took advantage of the spring weather yesterday. >> yes, we did. we needed a walk. but more importantly, we needed to see our old pal, robin. we got to walk through the riverside park, as the sun was setting on a beautiful day in manhattan. it's always the case. she's always the -- >> she looks fantastic. >> she is the best medicine for us. it was amazing. >> and let me tell you, only
president obama has rejected the latest republican offer. he's taking a very hard line in the talks. >>> there's growing outage here in new york city over a front-page photo from "the new york post" yesterday. this man has just fallen down on the tracks. is just seconds away from a subway train hitting and killing him. many people upset why the photographer was taking the picture and not helping the man. this morning, he's talking out, justifying why he took the photo. and...
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tax tied to president obama's health care overhaul that they all voted for. but now they say it could have a devastating impact. it's called the medical device tax, and starting next year it will impose a 2.3% tax on all medical devices. it's supposed to bring in nearly $29 billion over the next ten years which, according to the medical industry, will in turn force them to cut more than 40,000 jobs. stu varney is the anchor of varney and company on fox business network. hi, stu. >> how you doing? alisyn: i'm doing well. it's interesting that this group of democratic senators -- two very well known ones from minnesota, senator al franken and amy klobuchar -- are now asking for a delay on this tax. they actually want it repealed. >> yep. alisyn: where were they two years ago? >> that's a very good question. maybe they hadn't read it all in detail, because that tax was in there. three weeks to go before this tax is imposed, before costs are raised on granny's hip, before jobs are lost in the medical device industry, suddenly 17 democrats in the senate say, hold
tax tied to president obama's health care overhaul that they all voted for. but now they say it could have a devastating impact. it's called the medical device tax, and starting next year it will impose a 2.3% tax on all medical devices. it's supposed to bring in nearly $29 billion over the next ten years which, according to the medical industry, will in turn force them to cut more than 40,000 jobs. stu varney is the anchor of varney and company on fox business network. hi, stu. >> how...
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there's barack obama and john boehner working things out and the republicans realizing that they've got to find a way to negotiate. so silence is golden for christmas season. >> do you agree, ron bonjean? >> yes, i completely agree. i think that silence is best. and right now while they're figuring out how to put a deal together, i think the president softening his rhetoric in michigan on the issue yesterday was extremely helpful. you know, what we are still far apart, as far as we know, on entitlement reform, spending cuts, raising the rates, you know, we've been talking so much about raising taxes that we're not talking a lot about entitlement reform and a lot about spending cuts, and i know that's what it's going to take. there's going to have to be some significant movement on the democratic side for that to occur. so we're hopeful we can see some white smoke out of the white house and the capital this week. you know, if we don't get something by early next week, it's going to be hard to see how they can whip their members into shape and get this done by christmas p christmas. >> an
there's barack obama and john boehner working things out and the republicans realizing that they've got to find a way to negotiate. so silence is golden for christmas season. >> do you agree, ron bonjean? >> yes, i completely agree. i think that silence is best. and right now while they're figuring out how to put a deal together, i think the president softening his rhetoric in michigan on the issue yesterday was extremely helpful. you know, what we are still far apart, as far as we...
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nothing much going on in public at least as president obama hits the road to campaign for higher tax rates on the rich. the list of pledge signers willing to consider raising taxes on the rich already includes republican senator bob corker of tennessee. not that he or the others you see here really want taxes to go up for anyone, but corker says agreeing to increases for the top 2% shifts the discussion. >> a lot of people are putting forth a theory and i actually think it has merit where you go ahead and give the president the 2% increase that he's talking about, the rate increase on the top 2%, and all of a sudden the shift goes back to entitlements. >> the shift he's talking about is the political pressure to get larger spending cuts which a good many democrats oppose. we'll see how it works out for him because spending cuts are not working out for italy's government. prime minister mario monti announced he would resign after losing support over his austerity moves. a return of political instability there reminds us that europe still faces a lot of hurdles before it comes out of i
nothing much going on in public at least as president obama hits the road to campaign for higher tax rates on the rich. the list of pledge signers willing to consider raising taxes on the rich already includes republican senator bob corker of tennessee. not that he or the others you see here really want taxes to go up for anyone, but corker says agreeing to increases for the top 2% shifts the discussion. >> a lot of people are putting forth a theory and i actually think it has merit where...
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it does not look like obama is ready to cave. if that forces republican leaders to compromise staunch conservatives will likely rebel. more "bill press" up after the break. we will be right back. exciting issue. from financial regulation, iran getting a nuclear bomb, civil war in syria, fraud on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things everyday exploding around the world that leave no shortage for exciting conversations. i want our viewer to understand why things have happened. at the end of the show, you know what has happened, why its happened and more importantly, what's going to happen tomorrow. at cepacol we've heard people are going to extremes to relieve their sore throats. oh, okay, you don't need to do that. but i don't want any more of the usual lozenges and i want new cooling relief! ugh. how do you feel? now i'm cold. hmm. this is a better choice. new cepacol sensations cools instantly, and has an active ingredient t
it does not look like obama is ready to cave. if that forces republican leaders to compromise staunch conservatives will likely rebel. more "bill press" up after the break. we will be right back. exciting issue. from financial regulation, iran getting a nuclear bomb, civil war in syria, fraud on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things everyday exploding around the world that leave...
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and the democrats while only 25% support house speaker john boehner and the republicans. so if there's no deal and the tax hikes and spending cuts take effect, we feel the impact. christine romans sat down with this panel for a report on the bottom line. here's part of the conversation she had with a working mom, small business owner and a woman looking for work. >> i have a household to run. still have rent and bills to pay, and i need help. i need help. >> three kids? >> yeah. >> how old are your kids, 23, 18, and 11. >> what do you tell them when they see the economy in front of them and hear all this fighting in washington about the fiscal cliff. you've been looking for a job for more than six months now. are you more optimistic or less than things will turn around next year? >> i believe it's going to turn around. it will probably take a little time, but i think it will. >> you need the government to help now until that happens? >> yes, i definitely do. >> you just had a baby. congratulations. >> thank you. >> are you concerned about your kid's future in all of this?
and the democrats while only 25% support house speaker john boehner and the republicans. so if there's no deal and the tax hikes and spending cuts take effect, we feel the impact. christine romans sat down with this panel for a report on the bottom line. here's part of the conversation she had with a working mom, small business owner and a woman looking for work. >> i have a household to run. still have rent and bills to pay, and i need help. i need help. >> three kids? >>...
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again rejected the house republican counteroffer that is on the table. >> unfortunately the speaker's proposal right now is still out of balance. we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> let's hope he sticks to it. >> g.o.p. leaders aren't only dealing with the president and congressional democrats they're dealing with a split within their own ranks. more conservative republicans don't want party leaders to compromise anymore than they think they already have. even though the republican plan offers up $800 billion in new taxes without upping tax rates at all tea party leaders say higher taxes shouldn't be in any form because it is not what republicans stand for. south carolina senator jim demint went so far as to call on supporters of his senate conservative fund to call senate republicans and ask them to oppose what he's calling the boehner tax hike. the looming question for republicans what may be willing to compromise is what's your bottom line? the fallback position that is most likely at this point may tu
again rejected the house republican counteroffer that is on the table. >> unfortunately the speaker's proposal right now is still out of balance. we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> let's hope he sticks to it. >> g.o.p. leaders aren't only dealing with the president and congressional democrats they're dealing with a split within their own ranks. more conservative republicans don't want party...
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but even as a republican, i would say joel's views here are to the left of president obama. that's what is so screwy about the way this debate is unfolding. >> this is one of those things where the -- >> go ahead, joel. >> this is one of the things where the far left and the far right meet around back. i mean, i come at this from a hard-core federalist perspective, which ends up with a guess sort of a nontraditional conservative view. >> i want to play a snippet here. this is former president bill clinton, who stars in a new documentary about the war on drugs in this country. this is what he had to say about his administration's attempt to limit drug trafficking in colombia. take a listen. >> well, obviously, if the expected results was that we would have a -- eliminate serious drug use in america and eliminate the narco trafficking networks, it hasn't worked. >> that's a pretty powerful indictment there, perry bacon. why do you think that we won't see the obama administration as being the first administration since the '80s to give up this pseudo war on drugs? >> you know,
but even as a republican, i would say joel's views here are to the left of president obama. that's what is so screwy about the way this debate is unfolding. >> this is one of those things where the -- >> go ahead, joel. >> this is one of the things where the far left and the far right meet around back. i mean, i come at this from a hard-core federalist perspective, which ends up with a guess sort of a nontraditional conservative view. >> i want to play a snippet here....
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house republicans say there will be no deal if tax ritz go up and the obama administration says it's ready to go thelma and louise style over the cliff on january 1. if that's the case, wendell goler live at the white house with what we know is going on behind the scenes. anything happening? >> steve, the president and house speaker john boehner talked on the phone yesterday, but they agreed not to characterize their conversation. so it's unclear how much progress they made. from the outside, it does seem they've moved a bit closer with boehner now agreeing to raise tax collection from the wealthy, though not by raising tax rates. >> we've got to cut spending and i believe to put revenues on the table. the revenues we're putting on the table will come from, guess who, the rich! there are ways to limit deductions, close loopholes, and have the same people pay more of their money to the federal government without raising tax rates which we believe will harm our economy. >> the president lobbied big business leaders yesterday with an appearance at the business round table. his aides say
house republicans say there will be no deal if tax ritz go up and the obama administration says it's ready to go thelma and louise style over the cliff on january 1. if that's the case, wendell goler live at the white house with what we know is going on behind the scenes. anything happening? >> steve, the president and house speaker john boehner talked on the phone yesterday, but they agreed not to characterize their conversation. so it's unclear how much progress they made. from the...
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and the republican party today is incapable of competing at that level. that's newt gingrich talking here. so everyone is wondering will she, the popular belief is she decides to jump in, it could be hers. but does she want it? is the energy there? the age factor. it could be fascinating. >> it would be like the patriots against the jets. >>> still to come -- deck the halls. how about wreck the halls? >> the victoria's secret models release a video i'll watch in private. i have no idea what they say, but they sure look good. we'll be right back. >> announcer: world news now ♪ when i see your face there's not a thing that i would change ♪ >> yes, indeed. >> this should be your favorite story of the day. >> this is. victoria's secret angels, those eyes, lips, the curves, perfection in every conceivable way. >> ah, except one. can they sing? linsey davis tells us how they may have hit their first wrong note, ever. >> reporter: just call them dancer, prancer and vixen. only it's not exactly their noses that are red but their cheeks, flush with embarrassme
and the republican party today is incapable of competing at that level. that's newt gingrich talking here. so everyone is wondering will she, the popular belief is she decides to jump in, it could be hers. but does she want it? is the energy there? the age factor. it could be fascinating. >> it would be like the patriots against the jets. >>> still to come -- deck the halls. how about wreck the halls? >> the victoria's secret models release a video i'll watch in private. i...